Fairfax India Announces Intention to Make a Normal Course Issuer Bid

Core Points - Fairfax India Holdings Corporation has announced its intention to commence a Normal Course Issuer Bid for its Subordinate Voting Shares effective September 30, 2025 [1][2] - The board of directors has approved the purchase of up to 5,551,115 Subordinate Voting Shares, representing approximately 10% of the public float as of September 16, 2025 [2][3] - Fairfax India believes that its Subordinate Voting Shares represent an attractive investment opportunity and that the purchases will enhance the value for remaining shareholders [3] Purchase Details - The company may purchase up to 11,879 Subordinate Voting Shares on any trading day, which is 25% of the average daily trading volume over the past six months [2] - Under its existing Normal Course Issuer Bid, Fairfax India has purchased 356,465 Subordinate Voting Shares at a volume weighted average price of US$15.34 [4] - An automatic share purchase plan (ASPP) has been established to facilitate purchases during regulatory black-out periods [5][6] Company Overview - Fairfax India is an investment holding company focused on long-term capital appreciation by investing in public and private equity securities and debt instruments primarily in India [7]